How did the corporate culture of Enron contribute to its Bankruptcy? Once a sound company listed in fortune 500‚ Enron‚ lead to downfall because of deceptive accounting system incorporated within the organization. Enron’s dubicious finance finally collapsed in Dec 2‚ 2001 as it filed Bankruptcy in New York Bankruptcy court. The corporate culture of Enron focused on financial performance neglecting the stakeholder’s value .The relentless emphasis on the importance of the shareholder’s value created
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China Williams Intro to speech communication M‚W‚F 9:00-9:50 10 April 2013 Relationship Analysis Paper: Conflict My friend Rocko and I have a unique relationship. We laugh‚ enjoy each others company and are very good friends through the bad and good times‚ But we also go through hardships like any relationship. Our biggest hardship is coming to an agreement about the status of our relationship. I am comfortable with being friends with him. I look forward to the fun we have when we are together
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Criminologists‚ as well as those struggling to understand why crimes occur‚ have often been perplexed by white collar crime because it seems to involve far more risk than reward for the perpetrators (LeClair‚ 2016). One theory to explain white collar crime is that it is a reflection of societal values: this is referred to as structural humiliation (Schlegel & Weisburd‚ 1992). Structural humiliation suggests that because of the inherently unequal nature of some modern societies‚ people in respected
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Conflict of Interest 1 Running head: CONFLICT OF INTEREST Auditor Independence‚ Conflict of Interest‚ and the Unconscious Intrusion of Bias Don A. Moore Carnegie Mellon University 5000 Forbes Avenue Pittsburgh‚ PA 15213 don.moore@alumni.carleton.edu Phone: 412-268-5968 Fax: 412-269-7345 George Loewenstein Carnegie Mellon University Lloyd Tanlu Harvard University Max H. Bazerman Harvard University The authors gratefully acknowledge the financial support of the American Accounting Association
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Enron‚ board governance and moral failings Gerald Zandstra Gerald Zandstra is Director of Programs at the Acton Institute for the Study of Religion and Liberty‚ Michigan‚ USA. Keywords Directors‚ Ethics‚ Responsibility‚ Corporate governance Abstract The failure of the Enron Corporation has brought attention to the roles played by the chief executive officer and other executives of the modern corporation. Its failure has also produced discussion of further regulations that will‚ it is hoped‚
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practices int he provision of services to survivors of domestic violence and sexual assault Roberts‚ J. (1995). Sexual assault is a crime of violence . Canadian Journal of Criminology and Criminal Justice ‚ 88-93. Sociology Guide.com. (2011). Conflict theories. Retrieved 05 18‚ 2012‚ from Sociology Guide - A Students Guide to Sociology: http://www.sociologyguide.com/social-
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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manager run the company on the behalf of shareholders. However‚ the public corporation has a key weakness - namely‚ the conflicts of interest between managers and shareholders. The separation of the company’s ownership and control‚ which is especially prevalent where corporate ownership is highly diffused‚ gives rise to possible conflicts between shareholders and managers. In theory‚ shareholders elect the board of directors of the company‚ which in turn hires managers to run the company for the interests
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Enron‚ a Houston-based commodities‚ energy and service corporation‚ was named “America’s Most Innovative Company” for six consecutive years by Fortune Magazine. Ironically‚ its shares price had peaked at $90.75 in August 2000 and dropped massively to $0.67 in January‚ resulting in shareholders losing approximately $11 billion. In the November of 2011‚ it was revealed that Enron’s earnings had been overstated by several hundred billion dollars because enormous debts had been kept off from the balance
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Answer the following questions based on the film Enron: The Smartest Guys in the Room (2005). 1. (a) Describe the ownership structure at Enron. (b) How did the ownership structure contribute to the Enron scandal? (15 points) When Enron became a publicly traded company‚ the employees and executives had more incentive to manipulate earnings and financials. With the shift in structure‚ there were more external stakeholders to satisfy‚ which caused the company to focus on short-term results‚
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